Tonight again in the group, watching people argue about privacy coins/mixing coins—whether it counts as an "original sin"—by the end, everyone is actually afraid of the same thing: if compliance tightens, will the stablecoins everyone holds collapse first? To put it simply, de-pegging is often not an on-chain technical issue, but a bank run mentality—everyone wants to run first. Transparency of reserves is the same; no matter how beautifully it’s disclosed, when rumors start, everyone still focuses on whether they can exchange at any time, whether they can cash out or not. Anyway, I have one word lately: stop. Stop chasing hot topics, stop posting emotional updates, stop refreshing K-line charts… Take risks seriously first, don’t treat “nothing’s wrong” as a conclusion.